Bioactive Ingredients Global Market Report 2024

The bioactive ingredients market has grown strongly in recent years. It will grow from $45.28 billion in 2023 to $48.8 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth observed in the historical period can be attributed to several key factors. Primarily, there was an increasing trend toward health consciousness among consumers, leading to a higher demand for products offering health benefits. Concurrently, the prevalence of chronic diseases was on the rise, motivating individuals to seek out products perceived as beneficial for their health.

The bioactive ingredients market is expected to see strong growth in the next few years. It will grow to $66.19 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the upcoming period is linked to several key drivers. Firstly, there's a growing emphasis on immune health, prompting increased interest and demand for products that support and enhance the immune system. Furthermore, the rising consumer preference for plant-based products is expected to significantly contribute to market expansion, aligning with evolving dietary choices.

The anticipated uptick in the utilization of organic and natural ingredients is set to be a driving force behind the bioactive ingredients market's growth. These ingredients, sourced from nature and crafted without synthetic chemicals or genetically modified organisms (GMOs), resonate with consumers increasingly mindful of potential health benefits. The surge in products incorporating these elements aligns with the heightened awareness and preference for organic and natural components. As evidenced by The Soil Association Certification's Organic Market Report 2023 in February 2023, the UK's organic market hit a record value of £3.1 billion, indicating substantial consumer spending of nearly £8.5 million daily on organic products. This trend distinctly fuels the expansion of the bioactive ingredients market.

The escalating demand for functional food and beverages is anticipated to be a pivotal driver for the bioactive ingredients market's growth trajectory. Functional food and beverages, fortified with extra nutrients or elements, cater to health benefits beyond basic nutrition. Incorporating bioactive ingredients such as antioxidants, probiotics, and vitamins, these products target specific health improvements, spanning improved digestion, immune support, and heart health. For instance, the report published by Agriculture and Agri-Food Canada in February 2022 highlighted the ascent of retail sales value of fortified or functional foods and beverages in the United States, reaching $68.9 billion in 2021 and projected to hit $79.1 billion in 2025. This growing demand significantly influences the expansion of the bioactive ingredients market.

Innovation stands as a prominent trend shaping the bioactive ingredients market landscape. Leading companies are actively engaged in developing inventive products to fortify their market stance. As exemplified by Demetrix, Inc. in April 2022, the commercial-scale launch of Arete-G, their proprietary CBG (cannabigerol) component extracted from cannabis sativa, showcases the emphasis on pioneering bioactive compounds. In-depth experiments assessing CBG's effect on eye discomfort validated its non-irritant nature in assays such as the Chorioallantoic Membrane Vascular Assay (CAMVA) and Bovine Corneal Opacity and Permeability (BCOP) assay.

Major players in the bioactive ingredients sector are prioritizing product innovation to meet evolving consumer demands for heightened health benefits and diversified applications. Diana Food Bioactives, renowned for natural ingredients, introduced a new range of nutricosmetic ingredients under Symrise in March 2023. These innovative bioactives, encompassing collagen type I, vitamins C and A, and polyphenols from diverse fruits, cater to skin conditioning, anti-aging, skin brightening, and hair and nail care in beauty products. This strategic move underscores a commitment to meeting evolving consumer needs within the bioactive ingredients market.

In January 2023, Société La Biochimie Appliquée SA, a French company specializing in natural active ingredient manufacturing, acquired a majority share in BioActor, the specific financial details undisclosed. This strategic investment is anticipated to grant Solabia access to a wider array of ingredients and leverage BioActor's expertise. This move is aimed at enhancing Solabia's standing within the rapidly growing nutrition segment. BioActor, headquartered in the Netherlands, specializes in the development of natural and bioactive ingredients catering to diverse industries.

Major companies operating in the bioactive ingredients market report are Sabinsa Corporation, Archer Daniels Midland Company (ADM), BASF SE, Cargill Incorporated, Ajinomoto Co. Inc., DuPont de Nemours Inc., Roquette Frères, Owen Biosciences Inc., Sensient Technologies, Nuritas Ltd., Kerry Group plc, Royal FrieslandCampina N.V., Chr. Hansen A/S, Neptune Wellness Solutions Inc., Evonik Industries AG, Royal DSM N.V., Ingredion Incorporated, Tate & Lyle plc, FMC Corporation, Givaudan SA, Symrise AG, International Flavors & Fragrances Inc., Ashland Global Holdings Inc., Corbion N.V., Lonza Group AG, Novozymes A/S, Bioiberica S.A., Nexira SAS, Kemin Industries Inc., Naturex S.A., Indena S.p.A., Martin Bauer Group, Frutarom Industries Ltd., RFI Ingredients LLC, FutureCeuticals Inc., Beijing Gingko Group, Nutraceutical International Corporation, Bio-Botanica Inc.

North America was the largest region in the bioactive ingredients market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global bioactive ingredients market report forecast period. The regions covered in the bioactive ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bioactive ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary products derived from bioactive ingredients encompass a range of nutrients such as fiber, vitamins, omega-3 polyunsaturated fatty acids (PUFA), plant extracts, minerals, carotenoids, antioxidants, probiotics, and more. Vitamins, a vital class of nutrients essential for healthy cell growth and bodily functions, are sourced from a variety of origins, including plants, animals, and microbial sources. These vitamins find application in functional food and beverages, dietary supplements, clinical nutrition, personal care products, and various other industries.

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The bioactive ingredients market consists of sales of polyphenols and flavonoids. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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